1885 25C Seated Liberty Quarter in PCGS PR-65

[Legend Auctions – The Regency Auction XVII – 5/19/2016]
The surfaces are aglow with richly reflective fields. Blue, pink and orange toning shines brightly when viewed under a strong light. The reverse is particularly beautiful. Only 930 were struck for collectors. PCGS 34, NGC 38, CAC 7. The most recent record for a PCGS/CAC coin selling in a major auction was in January 2016, realizing $1,470. This really seems cheap given the PCGS Price Guide value of $2,100. Because of the amount of low quality examples, “dreck” is often the word to describe them, the market has really put PQ examples on sale. We think that at current levels, GEM CAC proof Seated quarters are a good value.